Rockefeller Foundation Invests $15.9M to Expand Electricity Access in Africa
- Editor
- Jan 28
- 2 min read
What's Happening: The Rockefeller Foundation announced a $15.9 million investment to support the African Development Bank Group's and World Bank Group's goal of providing electricity access to 300 million Africans by 2030. This funding, announced at the Mission 300 Africa Energy Summit, will go towards distributed renewable energy investments, a new fellowship program, and implementation support.
The Key Moves:
Investing $10 million in Zafiri, the World Bank Group's new distributed renewable energy investment company
Providing up to $2.5 million to ODI Global Washington to develop a new Mission 300 Fellowship Program
Granting $3.4 million to Sustainable Energy for All (SEforALL) to accelerate Mission 300 implementation
By The Numbers :
$10 million investment in Zafiri aims to enable more than 30 million people to receive clean energy access by 2030
10-15 highly qualified professionals will be embedded in government energy ministries through the new fellowship program
This $15.9 million builds upon an initial $10 million investment into the Mission 300 Technical Assistance Facility
Key Quotes:
Dr. Rajiv J. Shah, President of The Rockefeller Foundation: "Access to electricity will determine the quality of Africa's future and, because of its growing youth population, the world's."
Makhtar Diop, IFC Managing Director: "With our partners, we are committed to bringing reliable, affordable power to homes, schools, and businesses across the continent."
Damilola Ogunbiyi, CEO of SEforALL: "The commitment of support for our work is both a strong and clear indication of The Rockefeller Foundation's commitment to ending energy poverty."
The Bottom Line: The Rockefeller Foundation's $15.9 million investment aims to accelerate electricity access in Africa through innovative financing, capacity building, and implementation support. This multi-faceted approach targets key areas of need in the push to connect 300 million Africans to electricity by 2030, demonstrating a significant commitment to sustainable development and energy equity in the region.
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